Entergy Arkansas Partners With Comverge to Launch New Mass-Market Demand Response Program
24 5월 2012 - 10:00PM
Comverge, Inc. (Nasdaq:COMV), the leading provider of Intelligent
Energy Management solutions for Residential and Commercial +
Industrial (C+I) customers, today announced that Entergy Arkansas
has selected Comverge to implement a fully outsourced,
pay-for-performance, Virtual Peaking Capacity (VPC) program. Under
the terms of the multi-million dollar agreement, Comverge will
provide 15 megawatts (MWs) of capacity to Entergy Arkansas through
its comprehensive suite of intelligent energy management software,
hardware and services. Entergy Arkansas is the 25th utility to
deploy Comverge's IntelliSOURCE software platform, which enables
automation and end-to-end support for mass-market demand response
programs.
"We are working with Comverge to deliver an innovative demand
response program to our community as part of our comprehensive
Energy Efficiency Plan," said Richard Smith, Manager, Energy
Efficiency Resource Planning, Entergy Arkansas, Inc. "This is one
of several programs that will help us achieve peak electric demand
reductions and improve affordability of energy to all
customers."
Comverge VPC programs reduce risk and capital investment for
utilities by operating on a pay-for-performance basis. The VPC
programs also demonstrate the reliability and predictability of
Comverge demand response solutions as Comverge only receives
payment for the verifiable megawatts of capacity actually
delivered. At Entergy Arkansas, Comverge's IntelliSOURCE platform
will support the full lifecycle of the new demand response program,
including customer acquisition, program management and event
control, measurement, analysis and optimization. The comprehensive
Comverge program will help Entergy Arkansas meet its energy
efficiency and demand management targets mandated by the Arkansas
Public Service Commission.
"Entergy Arkansas needed a partner that could help it
efficiently achieve corporate-wide demand management and energy
efficiency goals," said R. Blake Young, Comverge President and
Chief Executive Officer. "With our VPC program, we have helped
Entergy Arkansas take the risk and complexity out of executing a
mass-market demand response program. The combination of our proven
and integrated software, hardware and services will enable Entergy
Arkansas to meet its specific load reduction requirements while
also helping it enhance the experience it can offer to
customers."
Entergy Arkansas provides electricity to more than 692,000
customers in 63 counties. It is a subsidiary of Entergy
Corporation. Entergy Corporation is an integrated energy company
engaged primarily in electric power production and retail
distribution operations. Entergy owns and operates power plants
with approximately 30,000 megawatts of electric generating
capacity, and it is the second-largest nuclear generator in the
United States.
About Comverge
With more than 500 utility and 2,100 commercial customers, as
well as five million residential deployments, Comverge brings
unparalleled industry knowledge and experience to offer the most
reliable, easy-to-use, and cost-effective intelligent energy
management programs. We deliver the insight and control that
enables energy providers and consumers to optimize their power
usage through the industry's only proven, comprehensive set of
technology, services and information management solutions. For more
information, visit www.comverge.com.
Forward Looking Statements
This release contains forward-looking statements that are made
pursuant to the safe harbor provisions of Section 21E of the
Securities Exchange Act of 1934. The forward-looking statements in
this release are not, and should not be construed as historical
facts, do not constitute guarantees of future performance and are
based on numerous assumptions that, while believed to be
reasonable, may not prove to be accurate. These forward-looking
statements include successful implementation of the program,
anticipated results, expectations of future performance under the
program and certain assumptions upon which such forward-looking
statements are based. The forward-looking statements in this
release involve a number of factors that could cause actual results
to differ materially, including risks associated with Comverge's
business involving our products, the development and distribution
of our products and related services, regulatory changes, economic
and competitive factors, our key strategic relationships, and other
risks more fully described in our most recently filed Quarterly
Report on Form 10-Q and Annual Report on Form 10-K. Comverge
assumes no obligation to update any forward-looking information
contained in this press release or with respect to the information
or announcements described herein.
CONTACT: Jason Cigarran
Vice President, Marketing and Investor Relations
Comverge, Inc.
678-823-6784
jcigarran@comverge.com
Media Relations
Simon Jones
PR for Comverge, Inc.
415.856.5155
Vice President, Blanc and Otus
sjones@blancandotus.com
Comverge, Inc. (MM) (NASDAQ:COMV)
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